Indianapolis Times, Volume 34, Number 84, Indianapolis, Marion County, 18 August 1921 — Page 10

10

STOCK MARKET TONE IRREGULAR Some Issues Lose, While Others Hold Early Gains. NEW YORK. Ang. 18.—The stock market e!o*d i rregT, lar today. Th market showed m irregular tone In the late dealings, many of the active Issues receding about 1 point front the high levels, while others held most of tbelr gains. rnlted States Steel, after selling np to 748*. fell to 74 and Baldwin Locomotive reacted 75 to 74V Mexican Petroleum was again _ln supply, dropping over 2 points to 92 T ANARUS. T'nlted States Industrial Alcohol, after selling np to 46. fell again to 45. Smdebaker was a weak feature, dropping to 68%. a loss of abont 4 point*. The railroad shares were featureless. Total sales of stock were, 389,900 shares; bonds. $10.0119 000. (By Thomson A McKinnon.) —Aug. 18.— Various news items more or less conflicting in their effect on prices were Instrumental In giving today's market an appearance of Irregularity. A desire on the part of many In the local trade to cover previous sales Imparted a tone of strength to a goodly portion of the list while other issues mostly those whose dividend actions arc either unsatisfactory or uncertain, were subjected to rather free liquidation at lower prices. Among the encouraging items were easier money, strength in foreign exchange. A favorable renort on the Winslow railroad hill, authorizing the War Finance Corners tlon to purchase up to five hundred million dollars of railroad bonds and the further statement from Eugene Meyer Jr , chairman of th War Finance Corporation, that the syndicate has been or was about to he formed, which will absorb a large portion of the bonds sold The adverse features were largely in ♦he wav of unfavorahlve dividend action, both present and imp/fendlng. Securities mentioned in this connection were principally Cuban Cane, New Verk Air Brake Industrial Alcohol. American Steel and Foundrv. Harvester and like issue*. Heavy selling in Stmlebnker, in which neither" the eonrse nor reason could be traced, gave that issue n very heavy tone. . . Ralls are still prominent, because or their resistance to pressure. TWENTY BTOCKB AVERAGE. NEW YORK. Aug. IS. —Twenty industrial stocks Wednesday averaged (<**. np .B*2 per cent. Twenty active rails averaged 71 75, np .14 per cent. CLEARING HOCBE ST YTEMENT. NEW YORK. Aug I—Exchsuges. $549,300,000: balances. $.75 200.000 : Federal Reserve Bank credit balances. $473X8X000.

Money and Exchange

ludlarapolis bank clearings Thrrxdav were *2.399.000. against *2.774.000 for Thursday of the wet before. NEW YORK CALL MONEY. NEW YORK. Ang 18 —Money— Cal! money ruled 6 per cent; high. 6 per cent: lew. 6 per cent. Time, steadv: rates all 6®6% per cent. Mercantile paper, setadv. Sterling exchange was steady with business in bankers' hills at $3.66% for demand. NEW YORK, Aug. 18. Foreign ex change opened strong today Demand Sterling was l%e higher, at $3.66%. Francs rose 11 centimes to 7.77 - for cables and 776%0 for checks Lire were 2He higher to 4 33c for cables and 4.33 c for checks Guilder cables were 31 10.-: checks. 3105 c. Sweden kronen cables were 23 15c, checks. 23.10 c. Marks were 1 18** c. ACTIVE OIL STOCKS. By Thomson A- McKlnon.) —Aug 18— —Opening Bid Ask Anglo-American Oil IS'4 15% Atlantic Refining 12 13 Borne Scrysmer 3-*5 360 Buckeye Pipe f.'ne 82 84 t'hesebrongh Mfg Cons 160 180 Continental Oil. Colorado ....108 111 Cosden Oil and Gas 5 7 Orescent Pipe Line 20 28 Cnmbcrtand Pipe Line 115 120 Elk Basin Pete 5*4 Eureka Ptpe Line 73 79 Galena Signal Oil. pref 85 90 Galena Signal Oil. com 33 35 Illinois Pipe Line 150 133 Indiana Pipe Line 77 80 Merritt Oil 7'* 7\ Midwest Oil 2 2)4 Midwest Rfg 135 145 National Transit ’. 25 26 New York Transit 142 148 Northern Pipe Line 87 90 Ohio Oil 243 250 Oklahoma P. A- R 3*4 314 Penn Mex IS 20 Prairie Oil and Gas 420 423 Frairie Pipe Line 186 isn Sapnlpa Refg 31, 3% Polar Refining .335 350 Southern Pipe Line 77 80 South Penn Oil 177 183 Southwest Penn Pipe Lines. 55 60 Sta-odartf Oil Cos of Ind .... 68*4 6H\ Standard Oil Cos. r.f Kan . 530 550 Standard Oil Cos. of Ky .380 390 Standard Oil Cos. of Neb 150 100 Standard Oil Cos. of N. Y 317 320 Standard Oil Cos. of Ohio 370 3*o Swan & Finch 30 35 Vacuum Oil 230 255 Washington Oil 25 30 NEW YORK CURB. •By Thomson A- McKinnon t Aug. IS—- — ITosing - Bid. Ask. Curtis Aero, com I>4 3 >4 Curtis Aero. pfU 15 Texas Chief 8 12 Imp. OH 7 8 First National Copper 73 85 Goldfield Con 5 7 Havana Tobacro 1 1% Havana Tobacco pfd 4 6 Central Teresa IV* 3 Jumbo Extension 4 6 International Petroleum 13*4 14V 4 Nlpisstng 4'4 4% Standard Motors 4 5 Salt Creek 10% 10% Tonopah Extension 1% IV Tonopab Mining 1% 1% T'nlted P. S. new.. 1% I*4 I*. S. Light and Heat 1 % 1%, C. S. Light and Heat pfd IN, 1% Yukon Gold Mine Cos 1 1 Jerome 15 17 New Cornelia 12 14 L'nited Verde 22 23 Sequoyah 10 12 Omar Oil 1* l 11 16 Acme Pkg 1 1% MOTOR SBCI RITIES, (By Thomson A McKinnon.j —Aug. —OpeningBid Ak. Briscoe i lo Packard com. 6V4 T Packard pfd 62 64 Chevrolet 100 400 Peerless 29 .... Continental Motors com. ... 58. Continental Motors pfd 75 $0 Hupp com 10% 11 Hupp pfd. 85 pi Reo Motor Car IS 18\ Elgin Motors 4 4% Grant Motors 2 ;% Ford of Canada 240 245 l'nited Motors 36 60 National Motors 5 6 Federal Truck 16 IS Paige Motors 15 16V* Republic Truck 7V* 9 WHOLESALE FEED PRICES. Ton. Cwf. Acme bran $23.50 $1.20 Acme feed 23.50 1.20 Acme middlings 23.50 1.50 Acme dairy feed 39.50 2.00 E-Z dairy feed 31.75 1.85 Acme H Sl M 31.25 1.65 C. O. A B. chop 26.50 1.10 Acme stock feed 26.50 1.40 Acme farm feed 30.25 1.55 Cracked corn 30.75 1.55 Acme chick feed 40.25 2.05 Acme scratch 37.25 1.90 EX scratch 33.75 1.70 Acme dry mash 41.00 2.11 Acme hog feed 38.75 2.00 Ground barley 37.75 1.93 Ground oats 28.50 1.50 Hamlick yellow 27.75 1.45 Rolled barley 37.75 1.95 Alfalfa mol 37 75 Alfalfa mol 34 50 1.75 Cottonseed meal 47.00 2.40 Linseed oil meal 51.00 260 Acme chick mash 44.00 2.25 ELOCR AND MEAL. E-Z Bake bakers' flour In 9S-ib. cotton bags $7.90 Cora meal In 100-lb. cotton

N. Y. Stock Exchange

—Aug. 17— Frev. High. Low. Close, dose. Allied Chemical 35 % 35 35% 35(4 Ajax Rubber.... 20 19 20 Allis Chalmers.. 30 30 30 29** Am. Agrfeul 29*4 29 21*% 31 Am. Beet Sugar 28 28 28 Am. B. Mag. Cos. 30 29% 80 30(4 Am. Car & Fdy.,l22** 120% 122% 122 Am. Can 25 24 % 24% 24% Am. HAL pfd. 47% 46% 47 47*4 Am. Drug 4% 4j(> 4% 4% Am. In. Corp... 29V* 2Y% 20% 27% Am. Linseed.... 20% 20% 20% 20% Ain. Locvmo.... 83% 82% 8.3% 82% Am. Bm. 4 Ref. 34 33% 34 33% Am Sugar Ref. 03% 02% 0.3% 2 Am 8. Tob. Cos. 45% 44V* 45% 33% Am. Steel Fdy.. 23% 22% 23% 23% Am. Tel. A Te1.,106% 106% 105% 106% An. Tobacco... 119% 117% 119(4 115% Am. Woolen fits'* GO % 08 66% Ana. Min. C 0... 34% 34% 34% 34-** Atchison 84 • 83% 84 84 Atl. Gulf A W.I. 21% 20% 21% 2<>% Baldwin L0c0... 74% 72% 74% 72% B. A 0 37 30% 37 30% Beth. Steel (B). 49 47% 49 48% Califor. Pete.... 31% 31 31% 30 Can. rac. Hy... 112% 112 112% 112% ('cut. Leather... 27% 26 27% 26% Chandler Mot.. 40 43% 46% C. it 0 53 52% 52% 63 C.M. A St.P pfd. 39% 38% 39% .39% Chi. AN. W.... 65 64% 64% 65% C.. R. I.A P... 31% 30% 31% 31 C.R.I AP.6'*pfd.. 64 04 64 64 CR.l.*P.7%pfd. 75 75 75_ ..... Chill Copper ... 9% 9% 9% 10 Chino Cupper.. 21% 21% 2!'a 21% Coca Cola 32% 31% 32% 31% Col. Fuel A Iron 22% 22% 22% •• _ Columbia Gas . &.'!♦* 53% 53% u3 ?s Columbia Graph 3% 8% 3% 3% Continet. Cau... 40 36V* 40 35% Cosden Ore 25 24% 24% 21 Corn Prod 66 64% tiO 64 'a Crucible Steel.. 53% 51% 53V* 52 %, Cub. Am. Sugar 13 12% 13 13 Cub. ( sue Sugar 9% 9% 9% 9% Endlcott 58 57% 57% 57 * Erie 13% 13 13 4 rle 1t pfd.... 18% IS"* 18% Famous Players 50% 48 50v 48% bisk Hub. C 0... 9% 9% 9% 9% Gen. Asphalt.... 44 4t% 43% 42% Gen. Cigars.... 64% 54 54% Gen. Motors... 10% 9% 10 10 G. North, pfd.. 74 73% 74 73% Hupp Motors... 10% 10% 10% 10% Houston Ore 46% 44 46% 44% Illinois Ceil 93 9.3 93 Inspir. Cop 3<)% 39% 30% Invisible 0i1.... 7% 7% 7% 7% Inter. Harset... 70% 68% 70% 60% Inter Nickel... 1.3% 13 13% 13% Inter. Paper 43 41 43 43% I. 011 A Trans . 2% 2% 2% 2% Kan. Citv Sotb 24, 21% 24' 21% Kelly Spring T3B 37 3s 37% Kenue. Copper. . 18 18 18 IS Lack. Steel 3S 38 3* Lehigh Val 51% 51 51% Lee Tire 51% 51 51% Loews. Inc 11% 11% 11% 11% Maryland 0i1... 13 12% IS 12% Marine com .... 9% 9% 9% Marine pfd .... 40 39% 40 39% Mex. Pete ... 88% 9.r% 90% Mont A Ward.. 17 16% 17 16% Mid S. Oil 11 10% 10% 11 Midvale Steel... 23% 23% 2.3% 23% Mo. Pacific 19 18% 19 19 Mo Pac. pfd. . 38% 37% 38 38% Nat.E A Stamp 4.3% 43% 43% .... Nat Lead 72 72_ .... Nev/'on Copper 9% 9% 9% 9 N. Y. Airbrake. 52 47% 4.% 52% N. Y. Central... 70% 70 79 % 70% New navea 16% 16 16% Nor. Pacific 75% 71% 75% 75 Ok.P. A Ref.Co. 1% 1% 1% 1% Pacific Oil 35% 3**% 35% .34'* Pan-Am. Pete.. 42 39 41% 41 Penn. Ry 87% .77% 37% 37% People's Gas ... 54 52% 54 53 ' r r „- 14 13% 13% 13% P**re Marquette . 18% 18% 8% ls% Pitta. Coal 55 54% 54% P Steel Car— 55 5.3% 55 54% Pull. P. 0ar.... 93 9!% 93 91% Ry. S. Springs 71% 00% 71V* 70% Pure OiL 25 24 25 24% Reading 66% 66V, 66% 66% R. I. A Steel... 45% 45% 45% 45% ' I • sh N Y 49 47% 48% 49 5 Roebuck .... 62% Cl 1 .. 62% 62 Sinclair 17% 16% 17% 17% S. SAI.. 32% 32% 32% S. Pacific *1 76% 76% 76% Southern Rv. 19% 19% 19% 19% S. O. N. J. ...106% I<M 108 U 198 Stmlebaber 72% 70% 72% 71% Term. * Vpper . 7% 7% 7** 7 Texas Cos 33% 32% 33% 32% Texas A Pac. . 23 1 * 22% 23% 25% T. Products ... 57% 65*4 57% 56% Trans. Oil .... 7% 6% C% 7 Union nil . 17 KU* 1; 16% Union Pacific .119% 119% 119V* 119V* l'. Retail Stores 51 49 51 19% I" S F. P. Corp 16% 16% 10V* 10i a f Fruit Cos. . .102% 9t*% 192% 101% Pnlted I>rug .. 55', 54% 55% 55 F. S I. Alcohol 45% 44 45% 45% C. S. Rubber • 49 47% 49 47>s U S. Steel ... 74% 7.3% 74% 75% l S. Steel pfd. .1 0% 109 109 108% T'tah Copper .. 45% 42% 45% 44% Van. Steel 27 27 27 27 Vlr-Car. Chem. 23% 23% 23% 28 *V, Ist pfd. ... 20% 20% 2"% 20% White Oil 8 8 8 8 Western Fnlon . 81% Sl% 81% 80% West Elec. ... 42% 41'* 42 42% White Motors . .32% 32 32% W.-Overland 6% 6'4 6% 0% Wort. Pump. .. 36% 36'* 30% 36% NEIV YORK LIBERTY BONDS. —Aug 18— l’rev. High. Low. Close rlos* . Liberty 3 %•.... 8s 70 88.46 8s <K 8.6.74) I.lb“rty Ist 4s 87 80 LibertV 2nd 4 .V.7* 87 60 l.ibertv let 4% 88 00 87.86 87 90 87.90 Libertv 2nd 4%s 87.98 97.72 87.78 87.78 Lib.rtv 3rd 4',s 9200 9192 91 96 91.94 Llb -rtv 4th 4V*s 8S 01 87 92 88 00 88 00 victory 3% a . 98 74 9* 70 98 72 9* Til Victory 4%* 98 80 93 72 98.72 98.78 CHICAGO STOCKS. Open. High Low. Close. Armour, pfd 9\>% 90% 90'* 90% Libby 8% 8% 8% s% Carbide and Carbon 43V* 4.3% 43% 43% Montgomery Ward 10% National Leather .. 7% 7% 7% 7% Plggly Wiggly .... 12 12% 12 12% Sears Roebuck ... 63% 63% 03'% 03% Stewart Warner ... 23% 2.3% 25 1 , 23% Swift A Cos 95 % 95% 95% 95% Swift International 22% 23 22% 23

In the Cotton Market

NEW YORK. Aug. 18. Although trad ine was narrow at the opening of the cotton market today, first prices were 4 to 6 points higher, chiefly due to steadier cables and buying from Wail Street and the trade account. Subsequently all of the improvements were lost under local and southern selling and value* at the end of the first sis teen minutes were a shade under the previous eiose. New York opening cotton: October. 12 85c: December. 13.24 c: January. 13.27 c; February, 13 28c bid : March. 13 47c. The market turned firmer In the afternoon and closed at a net advance of 10 to 32 points. COTTON FUTURES. January 13.27 13 48 13.13 13.46 March 1347 13 72 13.38 1372 Slav 13.5'J 13.57 13.62 13 *4 July 13 75 13 03 October 12.85 12.99 12.> 12.98 December 13.24 13.43 13 12 13.41 LIVERPOOL. Aug. 18—There was a fair amount of business in spot cotton at the opening of the market today. Prices were easier and sales 6.4*00 bales. American middlings fair, 10.91*1: good midd'ings. 9.21 and: full middlings. *81d: middlings, H 4ld: low middlings. 7.51 and ; good ordinary, 0.3(1d : ordinary, 5.01d. Futures opened quiet.

Local Curb Market

(By Newton Todd.) —Aug. 18 - Bid. Ask. American Hominy com 14 22 Burdick Tire & Rubber 1U J'A Capital Film Cos 1 2% Choate Oil % ta; Colum. Fire Ins. Cos 6‘4 B'A Comet Auto I^4 Dayton Rubber Units 68 70 Dueseuberg Motor Car com it 13 Elgin Motor Car 3% 5 U. S. Automotive Units...’... 71’ 8 Fed. Fin. Cos., pfd 69 82 Fed. Fin. Cos., coin 122 133 Gt. Sou. Prod. A Ref. units. 3V4 6(4 Haynes Motor com 118 Hurst & Cos., com 1 2>* Hurst A Cos., pfd 50 70 Indpis. Securities, pfd 2>4 8W Majestic Tire lOt? 18 Metro. 5-50 c Stores, com. 11 14 Metro. 5-50 e Stores, pfd.... 30 86 Robbins Body Corp. unit*.. 50 60 Revere Motor . (4 (4 Stevenson Gear units 1. 6 7 U. S. Mart. Cos. units ,\ 170 180 State Savings Sc Trust Cos. A 87 02 Stevpns-Duryea units ~l 55 64

HOG PRICES 35 CENTS LOWER Trade in Cattle Again Dull— Calves and Sheep Strong. RANGE OF HOG PRICES. Good Good Good. Aug. Mf*~C Heavy. Light. U. 510.75611.00 $10.25@10. r io $11.15 12. 10.50 10.75 [email protected] 11.00 13. 10.7641 11 .’0 10.004110.25 [email protected] 15. 10.25® 10,50 9.76 © 10.00 10.75 IS. 10.004f10.25 9 60@ 9.75 10.00 17. 9.50411').00 9.25@ 9.30 10.25 18. 9 15® 9.63 8.75 @ 8.85 9.90 There was another ilecline of 3u cents in swine prices on the local live stock exchange today, due to fair receipts and the tendencies of buyers over the entire country to lower hog prices for the winter packing season The lower early price tendency on the Chicago live stock exchange was also said to be a local market influence. Light swine sold at $9 90. mixed and mediums at $9 [email protected]. and heavies at $8.&5@915. . Pigs brought SB@R7S and coughs. $6 50@7. The bulk of tbe sales for the day ranged at $9.50@9 90. Receipts of swine for the day approximated 7,000. Trade in cattle was again dull and prices were irregularly lower, due principally to a run o feoinuiou_and cull cattle. Receipts ran close to 700 cattle. With 700 calves on the market, prices were generally srong. There was an extreme top of 810.50 on choice veals, while tbe bulk <f that grade sold at s9® 10. There were close to 1.100 sheep and lambs on the market and prices were steady to strong. A few and w j thf*r brought $lO. while the bulk of tbe top lambs brought around $9.

HOGS. Best light hogs. 160 to 200 lts. average •$ Over .300 lbs 8.00 200 to 300 lbs *••. S, WH h.oOftt *.OO stags :::::::::: 5.00415.00 Best pigs, under 140 lbs S.OOtiJ B.*. TANARUS, '. 9.90 Bulk of sales 9 1561 9.30 CATTLE. Prime oornfed steers. 1.000 1.800 lbs 7.0051 8.00 Good to choice steers. 1.21*0 to _ 11*8. and up Good to choice steers, 1.100 to 1.200 lbs 6,7.03 <o° Good to choke steers. 1.000 to 1.100 lbs 6.25® *,.* . Common to medium steer*. 800 to 1,000 Ijs 5 00(3 6 —Heif*rs anil Cows— Good to choice heifers 8.00(3' 5.2.* Medium heifers 6.50® 7.06 Common to good heifers 00 q 0.00 Good to choice cows Pair to medium cows 2.<0*3 3-50 ("utters 2 Cauuers I.oo® 2 00 —Bulls— Good to choice butcher bulls 6 00® 000 Bolugua bulls 4.004$ 5.00 Light bologna bulls 3 30® 400 Light to common bulls 3 OU® 373 —Calves— Choice veals 9.004(10.00 Good veals 6.00® h.oO Medium veals *■"* Lightweight veals s..si® 0.00 ( ommoii heavy weigh* veals 5.00® 5.0 —Stockers and Feeders—(,oo<l to cboica steers, under 800 lbs. 6 35® fi-50 Medium cows 2 50® JSO Good cow* 3..0® 4.50 Good heifers 0 >Bl® 725 Medium to good heifers . 4.30® 550 Good milkers 30 U0(g,73 Ou BIIEI.I‘ AND LAMBS Ewes 2 50® 3 50 Bucks 1.50® 2.50 * hnlce ewes and weth'T lambs 8 00® 10 00 Seeouds 6 00® 91st Buck lambs 6 50® 700 Cull lambs 2.00® 5.00

Other Livestock

CHICAGO. Aug. 18.—Hogs—Receipts. 22.000: market, active and steady to 25c up: bulk. $.8.50019 *0: top. $98.. heavy weight, $8*15410 50: medium weight, $9.23 4(9.75: light weight. $9 50® 9.85; light lights. *9 1541.9 75 heavy packing sows, smooth. s7.7T*4iß 35 : pa-king sows, rough, $7.40417.75: pigs. $8.75®9 50, *'att!e—R" eeipis. loo***: market, ste-rs steady : *>th**r grades slow: i-alves strong; beef sUsrs, choice and prime. $9 75® 10.65; medium and good. $7,254(1*75 good and choii'e, $8 504/10.75; common and medium. $3 25*88 50; butcher cattle, heif. r. sl4s 8 75: rows. $3 504x7: bulls. $14(7; cauuers and cutters, rows and h“ifer $24x3 s*l; i timer steers. $'2.754i4 : veal calves ilight and handyweight *. $7 504x9 2.5. feeder steers. $5 50417.75; stci k. r s**ers. s4® 675: stinker cows and heifers. $2 504(5.50. Sheep Rtseipts. 7.0*81. market, sheep and native lambs, steady, others slow: lambs. 84 lbs down. sß.s*>4f 10.75; culls and com mon. $.54x8.25: yearling wethers. $0 25® 8 50: ewes, $.3,254(5 25: ewes, < nils and common. sl4t3: breeding ewes. $3 504(7. feeder lambs. $6.75478.75. CINCINNATI, Aug 18 -Hogs—Re ceipts. 4.200 market active and generally steady h*av.e*. $9 254x10: mixed and me diunis. slo® 1*1.25: light*. $lO 75; pigs, $lO. roughs, $7. sags. $5.50 Cattle Receipts. 1.200; market weak: bulls weak: calves. $lO4/11. Slice;* and lambs Kocslpts. 4*B*. market strong. EAST ST. LOI'IS, Ang 18 l *• ceipts, 5.000; market, steady to 1> cents higher; mixed and hutebers, $9.054x10: good heavies, $0.®9.75; roughs, $6.50® 7 25; lights, $0.904410; pigs, $8.25®9.7*i. Cattle---Receipts, 2,000; matket, good cattb' steady, other grades lower; native beef steers s9® 10; yearling steers and heifers, $9,254(10; cows, $5®6.25: sto-k ers and feeders $4 .3045*1.50; calves. $8 75 4x9; canners and cutters, $24(2.75. Sheep and lambs- Receipts. 1,500; market, steady; mutton ewes, $4®0.50; lainlis, $9 4/9.50"; cauuers and chopper*, $14(2.50. PITTSBI KGll. Aug 18. Cattle—Re ceipts. light: market. ste:;dy: choice, $8 7."*4i9: good. $8418.50; fair. $0,504(7.50: veal calves. $9 304x10. Sheep and lambs— Keieipts. light ; market, steady ; prime weathers. $5415.25: good, $4,504/5: mixed, fair, $44(4.05; spring lambs, slo® 11. H**gs—Receipts. 25 <1*1: market. lower; prime bavles, $9254/950; ineilioms. $lO 254x10.50: heavy Y orkers, $lO 25® 10.50: light Y orkers. $lO 2.74/ 10 50; pigs. 89 504/9.75: roughs. $6 504/7.25; Ntags, $4 004(5 EAST BI FFALO. Aug IS. Cattle Receipts. ,375; market, slow an*l 25®.70c lower; shipping steers. s9®ll‘; buteher grades. $7,504(0; cows. $2®5.75. Calves -Rwelpts. 200; market, active $1 up; ••ulis to choice, ss®l3. Sheep and lambs Receipts. 1,*<00: market, active and lower: choi's- lambs. $11®11.25; culls to fair. $74t10.75; yearlings, s6®7.*>i; hisp $Ut(6. Hogs Receipts, 2.500; market, falrlv active and 50c lower: yorkers, slo.s*t® 10 75; pigs. $10: mixed. $10.23® 10.50; heavies, $9.75®]0; roughs, s6®7; stasrs, $4.50®5.7*0. CLEVELAND, Allg 18. Hogs Re ceipts. 3.0O0; tnark/t steady; jorkers, mixed and mediums, $10.25; pigs, $9.75 ®10; roughs. $7 50; slags, $5.50. Cattle Receipts, 3<K): market slow. Sheep and lambs Keeeipt*. 800: matket strong; top, $10.50. Calves Receipts, 200; market steady; top, sll.

CHICAGO PKODI CE. CHICAGO, Aug 18. Butter —Receipts, t:.0*5,5 tulis; creamery extra, 39c; firsts, 34%®36c; packing stock, 22®24%c. Eggs Receipts. 10.21S cusps; current receipts, 28r// 2i>c; ordinary firsts. 24f(£27c; firsts. 29®31c: checks. 18® 19c; dirties, 15@21e. Cheese--Twins (new), 18%®Y8%e: daisies. 18®lS%c; young Americas, J9%®19%c; longhorns. 20%®20%c; brick. 20%@21 %c. Live poultry—Turkeys. 35c; chickens. 23c springs. 28c; roosters, 16c; geese, 18® 22c; ducks, 26c 4 I.KVKI.ANI) PRODUCE. CLEVELAND, Ohio, Aug 18. ButterExtra in tubs, 46%®47c; prints. 48V*® 49c: extra firms. 45%@46c; firsts. 45'/*(.( 46c; seconds. 85%@37%c: packing stock. 15® 16c Eggs—Flesh gathered, north ern extras. 40c; extra firsts. 39c; Ohio firsts, new asps, 35c: old cases. 34c; western firsts, new rasps. 33c. Poultry— Live, heavy fowls. 26@27c: light fowls. 22/,?25c : roosters. 10c: broilers, 25c@35c : live spring ducks. 23®250 TOLEDO SEED PRICES. TOLEDO. Aug 18. Cloversced—Cash anil October. $13.20: December. $13.05: February. $13.10; March, $13.05 bid. Aisike August. $10.25: October, $10.50: December. $10.60 bid; March, $10.60. Timothy—Cash, $2.55; September, $2.75; October, $265; December, '52.75, March, $2.80.

INDIANA DAILY TIMES, THURSDAY, AUGUST 18,1921.

New York Bonds

(By Fletcher American Cos.) —Aug. IS—FOREIGN GOVERNMENT BONDS. Bid. Ask. Arg. (Enlisted) sa, Sept. 1, '45 64 % 65% Belgian 6s, Jan. 1. '25 93% 94% Belgian 7%, June 1, '45 101% 102 Belgian Bm, Feb. 1. '4l 100% 100% •Belgian Host sa, Opt., '34.... 66 70 Berne Bs, Nov. 1, '45 98% 99 Chile Bs, Feb. I, '4l 98 98% Chinese (H Ry.) ss. June. 'sl 47 47% Christiania Ss, Oct. 1, '45 99 09% Copenhagen 5%5, July 1, '44 . 78 78% Danish Mnn Bs, Feb. 1. '4O .100% 101 Denmark Bs. Oct. 15, '45 101% 102 Canadian 5%5, Aug. 1. '21.... Expired •Canadian 5%5, Dec. 1, '22 ... 88% 89% •Canadian 5%5, Nov. 1, '23... 87 % 88% •Canadian 5%5, Nov. 1, '24....80% 81% •Canadian ss. Doc. L '25 84% 85% Canadian ss, Apr. 1, '2O 92% 93 •Canadian 5%5, Dec. 1, ’27.. 87 88% Canadian 5%5, Aug. 1, '29 ... 93 % 94 Canadian ss, Apr. 1. '3l 89% 90% •Canadian ss, Oct. 1, '3l 82% 84 •Canadian 5%5, Nov. 1. '33 ... 80% 88% •Canadian 5%5, Nov. J, '34.... 84 % 85% Canadian ss. Moh. 1, '37 80 87% •Canadian 5%5. Dec. 1, '37 88% 89% •French (Viet.) ss. Opt.. '3l 00 02 •French 4s. Opt.. '43 48% 49 •French (Prom ) ss. Issue '2O 09 % 70% •French Os. Opt., '<ll 72% 74 French Bs. Sept. 15. '45 99% 100% •Italian (Treasi 5, Apr. 1. '25 41 43 •Italian (War) 5s 30V.) 32% Jap (Ftrst) 4%, Feb. 15, '25. 80% 80% Jap (Second) 4V)s. July 10. '25 80% 80% Jap 4s, Jan. 1, '31....'. 71% 71% Norway Bs, Oct. 1. '4O 103 I**3% Paris os, Oct. 15, '2l 997% 100 Russian 6%5. June IS. T 0.... 15% 19% Russian 5%5, Dec. 1, "21. ... 14% 19 •Russian 5%5. Feb. 14. "26 . 5% 8% Sao Paulo Bs. Jan 1. ’36 08 98% Swedish os. June 15, '39 80 80% Swiss 5%5. Aug. 1, *29 87 % 88 Swiss Ss. Julv 1. '4O 106 1004* r. K 5%5. Nov. 1. '2l 99% list r. K. 5%a, Nov. 1. '22 08% 90 F. K SV)S, Allg. 1. "20 88% Ml I'. K. 5%h. Pci). 1, *37 80'”% 87 •t'. K. (Victory) 4k. Issue T 9 272 257 •F. K (War f. > 5s Oct. 1, "22 365 .380 ♦r. K. (W. L.) ss. Feb 1. '29 ,HSO 370 Zurich Bs. Oct 15. 43 499% 100% Frazils 8s 99% 99% French 7-.xs !!.".% 95%

•Internal Loans CORPORATION BONDS. Bid Ask. A! im. Cos of Am. "s, Nov.. '25. 97% OS Am. Cot. Oil o*. Sept. 2. 24.. 90% 91 % Am. Tel. 0s Oct , '22 9.3% 98% Am. Tel. Os. Feb., '24 98% 95% Am Thread 6s. pec.. "28... . 0;I4* 97% Am. Tob. 7s. Nov., "22 100% 100% Am. T ib. 7s. Nov., "23 100% 101% Anaconda os. Jan.. 29 ss % 88% Anaconda Os, Jun "20 86% 88% Anaconda 7s, Jan . "29 93 % 93% Anglo-Aru. Oil 7'.s, Apr. '23.100% 100% Armour 7*. July 15, '3O .. ~ 98% 98% Atlantic Ref. fl%, M* h . HI .101 101% Bell Tel. of I'tiri 7*. Apr. "25 . !*) 97% Beth Steel 7s, July 15, ’22 995* 100% Bel h. Steel 7s. July 15. "23 ... 98% 1)8% Can. Paetflc Os. Meh 2, "24 90\ 97 Cent Arg Ry Os. Feb. '27 ... .82 % 83% C.. R. I A I*. Os. Feb. '22.. 98% 99% Con. Gas Bs, Dee. '2l 100% 100% Copper Exp. B*, Fell, 15. '22.. 100% 101% Copper Exp. Ss, Feb. 15. "23. . 100% 101 Copper Exp B*. Keb. 15. '24 .. KV) 7 , 101'* Copper Exp s* Keb. 15. '25 .KM 11*2'-* Cudahy 7s, July 15, "23 98% 99% Fed. Sugar Os. Nov "24 95V* 00% Goodrich 7s. Apr , '25 00 % 90% Gulf Oil 6s, Julv, '23 90% 97'* Gulf Oil 7s, Feb , 33 97 97% Hocking Val 6s Mch "21 , 03% 95 Humble nil 7*. Mch. 15. '23 ... 97% 97% lot. R. T 7s. Sept . "21 . . 70% 76% K C Team 6*. Nov 15, "23 .. 98 visa* lv* nn Copper 7 Feb.. '3O. . 92% 03% Lno'edr Gas 7s. Jan . '29 .. 90 % 01% I.lg A Myers 0 Deo "21 . . 100 lut'% Phlla C.I Os. Feb "22 100% 100% Procter A- G 7s M. h . 22. .100% Kk)% Proctor Si G 7s Mdi "23 IoOV, 101 x* 4*ub S. r s, .1 7s. Mcb 22 00% 00% R J Reynolds ils Aug. "22 OVt”* 100% Sears Roebuck 7s. (irt 15, "21 90% Ks)% Sears Roebuck 7s. Oct 15. 22 98% Oil Sears Roebuck 7a, Oct. 15, "23 97% 9s Sinclair 7 ! *.'*. May 15. "25 . 91 91% Soira v A Cie Ss, Oct "27 98 111* Southern It v fla. Mch . '22 . 964, 97% S W Bell Tel 7s Apr "25 , 96V* 97% Stand Dll iCal ) 7s Jun , '3l 103% 103% St. ('ll (N. Y t 7s. Jun.. "25 31 102 I**4% St P. Ik D 5> .s. Dee. 15. "23 97 97 % Swift Os. Allg 13. '2l Expired Sxxlft 7s (i t 15. ’25 97V* 07% Texas Cos 7s. Meh 1 "23 ... 97% 100 I tnh Se.- 6s. Sept. 15. '22 91% 92 Wi lthaui Wat* h ')s. Allg . "24 ss u;j Western El. 7s, Apr. '25. .. Its*'* I(S'% Weatiugbuuse 7s. May. '31.. 101% 101%

Weather

The following table shows the state of the weather at 7 a. in , Aug. 18, ns observed by United States Weather’ Bur ea us: Station. Bar Temp. Weath. Indianapolis, Ind. Zf* 4)7 t>B clear Atlanta, Ga 30.06 76 Clear Amarillo. Texas 30.00 06 I’tCldy Bismarck. N I) 29>2 64 I’tCldy Chicago, 111 29.9(1 68 Clear Cincinnati ........ 29.96 7* Clear Cleveland, 0hi0.... 29.84 68 Cloudy Denver, Colo 30.02 64 Clear Dodge City, Kas . 30.04 08 Clear Helena, .. 29 90 50 Clear Jacksonville, Fla 30.08 78 Clear Kansas City, Me.... 30.04 74 Clear Louisville, Kv .... 3000 74 Clear Little Rock, Ark .. 3000 70 clear Los Angeles, Cal.. 29.92 68 Cloudy Mobile, Ala 30.14 78 Clear New Orleans. La .. 30 I*l 80 (Tear New York, N. Y.. 29,70 72 Cloudy Norfolk. Va 29.84 78 Cloudy Oklahoma City .... 30.02 74 I’tCldy Omaha. Neb . .... 30.04 00 clear Philadelphia, I’a. . 29 72 74 I’tCldy Pittsburgh, f’a .... 29.84 68 Cloudy Portland. Ore 30 03 00 Rain Rapid City, S. D... 29.7.8 72 I’tt'ldy Rosehnrg, Ore... 30.09 60 Cloudy San Antonio. Texas 30.12 74 Clear Sail Fransclsro, Cal 29.98 56 ( Touilv St. Louis, Mo 3002 74 Clear St. Paul, Minn 30.00 80 Clear Tampa. Fla 30.12 82 Clear Washington, D C. . 29.70 70 Clear

IV FATHER CONDITIONS. Since Wednesday morning showers have fallen in (lie northeastern sections of the country, and at a few places in (lie southwest and extreme northwest. It is a little cooler in most of the northcentrul region, tint somewhat warmer in Die ’oldiKe anil northern Atlantic states and from Die middle Rookies and Plains States northward. .1, 11. AR VI ING TON, Meteorologist. Weather Bureau. CORN AND WHEAT BULLETIN. For the twenty four hours ending at 7 a. in., 90th meridian time, Thursday, Aug IR. 1921 : Temper- i ■ture. c" ■■ 0 *} , o Station* of e. l \ - • Indianapolis *, -f s®>o: _o > District. !S? amt 2 sit .as. cJxl South Bend !84 63 072 I Good Angola I 83 : 63 1 040 Good Ft Warns 84 04 028 Wheatfield 75 61 0 Good Royal Center 84 02 0.04 ! Good Marlon 80 64 0 'Good Lafayette ; 82 66 007 Good Farmland 80 03 0,4S Good Indianapolis . ...; 84 '6O 0.33 j Good Cambridge City.. 84 ;03 0.20 | Good Terre Haute 84 j 66 0.14 Good Bloomington ....; 85 : 64 0 j Fair Columbus iBO 05 0 ' Rough Vincennes 88 66 0 j Good Paoll i 87 i 08 0 i Good Evansville 90 | 72 0 j J. H ARMINGTON, Meteorologist, Weather Bureau. INDIANAPOLIS PRODUCE. Eggs Loss off, 28®30e. Butler -Packing stock, l(l®18c. Poultry—Fowl, 20® 25c; springers. 2S@2Bc; old ten turkeys. 25@30c; old tom turkeys, 20®25e; cull thin turkeys, not wanted; ducks, 4 lbs. and up, 15@16c; spring ducks, 3 lbs. and up, 18®20c; geese, 10 lbs. aud up, 9® 11c; squabs. 11 lbs. to the dozen, $5. Butterfat—Local dealers are paying 13 cents per pound for butterfat delivered in Indianapolis Butter—Local dealers are paying 43® 44c per pound for butter delivered in Indianapolis. WHOLESALE BEEF PRICES. The following are today's wholesale prices for beef outs as sold on the Indlnnapolis markets: Ribs—No. 2,21 c; No. 3.17 c. Loins— No. 2,22 c; No. 3.18 c. Rounds—No. 2, 20c; No. 3,17 c. Chucks—No. 2. 10c; No. 3, Bc. Plates—No. 2,7 c; No 3,6 c.

GRAIN VALUES CLOSE LOWER Lack of Speculative Demand Causes Decline in Prices. CHICAGO, Ang. 18.—Lock of demand on the part of speculators again drove prices lower on the Chicago board of trade today. Fear, caused by unsettled business conditions generally, and pending legislation against pit operations has forced many professionals from the market. Favorable crop news also had a bearing on the market. Provisions were irregular. September wheat opened unchanged at $1.1!>"4 and closed off Bc. December wheat opened at $1.21, unchanged, and closed off B%e. September corn opened up %c at 54%' and closed 15*e lower. December corn opened unchanged at 53%c anil closed >%o lower. September oats opened at 33%c. up He. and closed off Ic. December outs opened at 36'%c, unchanged, and closed off Vp-.

(By Thomson A McKinnon.) —Aug. 18— Wheat—While wheat may not have shoxvn much rallying power today, it certainly never got a chance to show any such disposition in response to any export buying or smaller winter wheat receipts as it was overwhelmed all dav with the drastic heaviness In coarse grains. The liquidation there extended to wheat and discouraged the trade from taking hold. Outside buying of wheat was the smallest of any recent day. Even the export buying of September, so much In evidence lately, was largely lacking today. Supporting orders that would have been in the market, otherwise, have been sadly lacking. Legitimately, the influences from which better prices are to be expected sti'l exist and when they assert themselves the effects are likely to be widespread. Any let-up in the pres sure in the coarse grains, we think, would find a response in the wheat market. The indiiatlons of enormous coverings of short contracts in corn and oats were plainly discernable today. We consider it tli“ best of Judgment to use extra eautlon against commitments on the sell ing side, while conditions were so unsettled. Cash prices in all markets maintained their premiums, but sold at lower prices following the futures. Coarse Grains Avery large business was effected In corn and oats at constant l.v sacrificing prices ami no buyers, apparently, appeared who were not covering sales made at higher prices. Did! cations are wanting of the pressure being off of the coarse grains, but prices being ren'ized in the country must have the effect naturally f checking up the movement especially of oats Provisions There was a lack of selling pressure and a higher hog market and some short covering in lard, but develop ments were not eapeclal'y marked in any direction. The rash demand is called very good and this should help steady the market.

CHICAGO GRAIN TABLE. Aug 18 WHEAT— Open. High. Low. Close Sept . . 1 19% 1 2*) I!* % 1 Kl% Dec 1.21 121% 1.17% 1 17% CORN! Sept. . .54% .54% 52% .52% Dec. . MS .54 % .52% .53 OATH Sept 33% 33% .32% 32% Dee 36% .36% 35% .36 FORK •Sent . . 17.00 LARD - Sept.. . 10 35 10 50 10.32 1050 Oct 10,50 11 05 10.50 10.62 It! BS Sept 9 05 9 05 !*( 9 05 Oct . . 905 9.05 9**o 905 R Y E Sept.. . 1 08'-. 1 <s% 1 "T. 1.05% Dec. • 1.08 1 08% 105% 1.05% * Nominal. CHICAGO CASH GRAIN. CHICAGO, Aug. 18 Wheat No 2 red. $1 19® 1 20; No. 3 red. $1 18% No hard winter, s'2<%®l22; No. 3 hard winter sl2*2; No 1 mixed, $1.22; No 2 mixed $1 18%®1 20; No 3 mixed. $1 16% ®.1.18. ("urn- No. 2 mixed, 54V*®56' : No 2 white, 05%®55>,. . No '2 yellow. r.V.V*%o; No. 0 mixed is.-: N*. >••! low. 54*,*•; No. 4 whit*'. -Vie. Data No 2 white. H2%®35V ; No. 3 white, 30%®31 %c ; No. 4 white, 25®2Sc TOLEDO (ASH GRAIN. TOLEDO. A'lg 18 Wheat Cash. $1 22; August, $1 20%: December. SI 26 Corn —t'ash. 6t®fllc Onts—Casli loldi. 57%®38%c. (new), 33%®4%e Ry.Cash, $102% Barley Cash, 63c. PRIMARY MARKETS. ißy Thomson A- McKinnon.) Aug IS. Wheat. Corn. Oat* Chicago 398 000 456,000 313,1X0 Milwaukee 48,000 '*5.0044 08.000 Minneapolis . 512,000 ls,(XN> 422.*X) Duluth 247.060 is.(M) 19.000 81 Louts 150$xhI 40.000 62.000 Toledo 38.000 10,000 51,000 Detroit 3.000 3 o**o 16.000 Kansas City 383,0u0 28,000 73,000 Peoria 23.000 78.000 52.000 Omaha . 200.000 57,000 50.000 Indianapolis 13.000 50.000 54,000 T. *a’s t03‘.000 859,000 1.210.000 Year ago 1,221.000 283,000 1.044.000 —Shipments— Wheat. Corn Oats Chicago 127/100 619,000 79,'Sri Milwaukee .. 4.000 8.000 '25,000 Minneapolis . 201.0tt0 lO.OtM) 19.000 Duluth 43 000 H* Louis .. 144.000 57,000 78,000 Tilled- 2,000 2.000 11.(SKI Detroit 2.000 2.000 4.000 Peoria .... 10.(88) 20,0*8) 27.0*8) Kansas City.. 342*88) 55.0*8) 3,(88* Omaha . 270(810 50,00) 10.18(9 Indianapolis . 1,000 10.000 60.000 Totals ... .1 140.(88) 837,000 370.(88) Year ago... 656,000 275,(88) 615,(88) - Clearances Don*. W. Corn (tats. New York 97(8)0 10,000 Totals 97,000 10.0*8)

INDIANAPOLIS CASH GRAIN. —Aug 18. Bids for car lots of grain ami t\a\ at the call of the Indianapolis Board of Trade were: Wheat Easier: No. 2 red. *1 21® 1 22. ('urn—Easier: No 2 white. 55@36r: N,. 3 white, [email protected] . No, 2 yellow. 56%® 37'Ac: No. 3 yellow. 53%®56%c: No 2 mixed. r>s@ss%c: No 3 mixed 54®51%0 Oats -Easier: No 2 white, 33%@34%c; No 3 white. 81®32c Hav Ntpadv: N > 1 timothv. sl9® 19 50; No. 2 timothy. $19.50® 19: No 1 light do ver mixed, slß® 18 60: No 1 clover. $H @ 19. - Inspections— Wheat: No. 2 red. 1 car: No. 3 red. 4 cars: No. 4 red. 4 cars; No. 2 mixed, 1 car; total. 10 cars. Corn—No. t white. 1 car: No. 2 white, 18 cars; No, 3 white. 4 cars: No 4 white. 2 cars: sample white, 1 ear: No 1 yellow.. 2 cars; No. 2 yellow. 11 cars; No. 1 mixed, 1 car: No. 2 mixed. 3 cars: No. 3 mixed. 1 cur; No. 4 mixed, 1 car; total, 40 cars Outs—No 2 white, 1 car: No. 3 white. 10 cars: No. 4 white. 21 ears; sample white, 2 curs; total. 34 cars. Hye—No. 3,3 cars; sample. 1 car; total, 4 cars. Hav —Standard timothy, 1 ear; No. 2 timothy, 2 cars; total. 3 cars. HAY MARKET. The following are the Indianapolis prices for hay by the wagon load, delivered. Hay—Loose timothy, old, $19@21: mixed hay, new, $17®18; baled hay, $lB @2O. Oats—Bushel, new, 35@37e. Corn—Now, 65@68c per bushel. WAGON WHEAT PRICES. Indianapolis flour mills aud elevators today are paying $1.15 fur No. 1 red winter wheat; $1.14 for No. 2 red winter wheat aud according to test for No. 3 Oats are quoted at 30c for No. 3 white or better. NEW YORK METAL MARKET. NEW YORK, Aug 18. Copper Quiet; spot to October offered. ll%c. Lend Qul/’t : spot to September offered. 4%c. Spelter—Quiet; spot and August offered., 4.20 r; September and October offered. 4.30 c. M EET THE GAS MAN! LONDON, Aug. 18.—Because of ma® robberies by men posing as gas rate collectors, the South Metropolitan Gas Company has furnished badges to a'l its cutaid# men. Women are warned not to deal wi.h any man lacking a badge.

Local Stock Exchange

—Aug. 18— STOcrtS. Bid Ask. Ind. Ry & Light com 60 Ind, Ry. & Light pfd 70 Indpls. A N. W. pfd 75 Indpls & S. W. pfd 75 Indpis. St. Rv 30 41 T. T. 1. & Light pfd 75 Terre Haute. L & E. com 4 Terre Haute, I. A E. pfd 10 U. E. of Ind. com 1 I . T. of ind. Ist. pfd 7 V. T. of Ind. 2d pfd 2 Advanee-Rumely com j. ... Advanee-Rumedy pfd 35 ... American Central Life 235 Am. Creosoting pfd 90 100 Beit R. It. com 52 52 Belt It. R. pfd 42% 50 Century Bldg. Cos. pfd. ... 90 Citizens Gas Cos 26 30 Dodge Mfg. Cos. pfd 80% ... Home Brewing 54 64 Indiana Hotel com 60 ... Ind. Hotel pfd 93 ind. Natl. Life Ins. Cos ... Ind. Title Guaranty Cos 59 60 Ind. Pipe Line 76 82 Indpls. Abattoir pfd 49 50 ludianapolis Gas 42% 50 Indpls. Tel. Cos. com 2 ... Indpis. Tel. Cos. pld 90 Mer. Pub. Util, pfd 40 Natl. Motor Car Cos S Pub Sav. Ins. Cos 4 Raub Fertilizer pfd 40 Stand. Oil of Indiana 69 69 Sterling Fire Ins. Cos 7 8 Van Camp Hdw. pfd 90 100 Van Camp Prod. Ist pfd 100 Van Camp Prod. 2d pfd 100 Vandalia Coal <"o. pfd 8% Vaudalia Coal Cos. com 8% Wabash Ry. com ... Wabash Ry. pfd 20 ... BONDS. Broad Ripple 5s 50 Citizens St Ky. 5s 65 70 luil. Coke A Gas 0s 100 Indian Creek Coal and Mine ... 100 Indpls.. Col. A South. 55.... 88 Indpls. A Martinsville 55.... 42% ... Indpls. A Northern 5s 85% 40% Indpls. A N. W. 5s 38 Indpls. A S. E. 5s 45 Indpls. S. A 8. E. 5s 70 Indpls. St. Ry. 4s 47% 53 Indpls., T. A T 5s 06 69% Kokomo, M A W. 5s 74 T. H I A E. 5s 40 I . T. of ind 5s 46 53 Citizens Gas Cos. 5s 76 80 Indpls Gas Cos. 5s 70 70 Ini! Hotel Cos. 2u (Is 93 Indpls Light A Heat 55... 73% 77 Indpls. Water 4%s 65 75 Indpls Water 8s 86 90 Met- H. A I Ref. 5s 85% 94 New Tel. Ist 6s 94 ... New Tel Long Dlst. 55.... 93% ... Southern Ind. Power 6s 100

GRAVEL ROADS COST MILLIONS South Dakota Builds Highway System Throughout the State. Slof'X FALLS. 8 I). Aug 18—South Dakota tills year is expending several million dollars in the work of improving highways This work is being done un der the direction of the State highway commission, at the head of which is Governor W H. MeMaster. South Dakota is not yet ready for hard surfaced roads. At present the State highway commission Is engaged in building many miles of graveled highways, great, broad arteries which will connect the principal cities of the western section of the State with the principal cities of the Past, thus linking up the smaller towns and making more practlenl than eiir long truck hauls, which will enable the producer to materially increase his own welfare by offering a cheap competition to railroad freidghts. It Is true that a single mile of hard paved road is to be constructed in South Dakota this year. But tt is to be more in the nature of an experiment, or ra'her an effort to demonstrate to the taxpay ers. the ones who are paying for the roads, that hard surfaced roads are superior to the best of graveled highways

STATE HAS OW N CEMENT PI-ANT. Later, perhaps, hard surfaced roads will replace the graveled roads and it is safe to say that the construction of those roads, which are now in the making, is being carried on with the idea that even tually thev may be hard surfaced This question, however will develop the more rapidly when once the State is operating at rapacity its own State owned $8,000,000 cement plant The highway commission Is pressing forward the work of building graveled vonds. roads such as the State of fjouth Dakota lirs never seen before. Like yel low ribbons these new roads are beginning to stretch their smooth broad miles over the State, rendering communication a pleasure. Hardly a week has gone by for the last several months but that new bids have been opened ami new contracts awarded for additional miles of high ways Generally speaking. In the past year approximately 320 miles of highway have been constructed at an estimated eost of $2,377,017 This brings the average mile cost considerably higher than it will show up on a broad survey of State road construction. Dn that basis the average mile of high way will cost in the neighborhood of slightly in excess of $2,000 Os course, there are rniies that will run considerably higher than this figure, especially where there is much rock blasting to be done. PROBLEMS ARK SOLVED PROMPTLY’. in some sections of the State, however. the problems of tbe road builders are confined almost entirely to matters of fills and drainage. And these problems are being met and solved with the precision that marks all the activities of th.* State hlgbw’sy commission. Asa result, low places in well traveled roads, which have been under water for the past two or Diree years, are being filled in. and the roads made passable throughout their entire length. In many cases, because of the opposition of certain classes to the surrender of their land for drainage purposes, it has been necessary for the commission's engineers to lay out entirely new roadways. This opposition on the part of certain farmers has caused the commission much trouble already. But new rights of way are always found, and it will not be long before the farmer who blocked the original right-of-way by his stubbornness will see the folly of his ways, when the new road. In some cases removed long distances from the original right-of way, is completed and affords his more fortunate neighbors quicker and easier means of transit. Old Enough for Party TOPEKA, Kan., Aug. IS.-Mrs. Margaret Kelley of this city celebrated her ninety-fifth birthday with her first birth day party. Recently a large number of the aged woman's friends and relatives gathered at the home of Dr. and Mrs. Stephen S. Smith and "surprised” her for the first time in her life. FIXED RATES FOR BEAUTY. LONDON, Aug. 18. —Owing to many complaints of extortion in beauty par tors, ihe authorities have decreed that hereafter such establishments must dis play a card giving t'ue regular rates for treatment. GERMANS SELL STOCKS. mans wh invested in American stocks and bonds^before the war are now selling their seciwltles.

MILK IS STOLEN FROM THE COWS IN STOCKYARDS Detectives Find Detroiters Enter Pens Where 600 Animals Are Kept. DETROIT, Mich., Aug. 18.—A growing Industry on the west side of the city suffered a setback in Judge Thomas M Cotter's court when Nicholas Jablonski was brought in by Robert Benson, a Michigan Central railroad detective As Jablonski’s name was called, up from the courtroom rose Tillie Jablonski. his wife, and stood beside him. “You're charged with stealing milk from the cows at the Michigan Central stockyards at Llvernois,'' Judge Cotter said. Nicholas said nothing. Benson explained that there were sometimes as many as 600 cows in the yards, and that the inhabitants made a practice of breaking boards from the fence, crawling in and stealing the milk. He said he had caught Nicholas going out with a pail of milk. Nicholas admitted the pail, but said Tillie did the milking. She agreed, by way of explanation, stating that she had been a milkmaid in the old country. The Humane Society came to bat at this point, explaining that so much milk was being stolen that calves were starving. C. H. Chilson, for the department of health, Joined the attack by saying that much of this milk was from quarantined cows, and that the thieves not only used it, but peddled it, even making cottage cheese and taking if to market. Through all this Nicholas stood calm You couldn't fool him, he averred; he knew when milk was good. When it was good it was sweet. “What did you do while your wife was milking?" the Judge asked. “I was keeping guard over her." he said “There's a lot of tramps out there.” The complaining witnesses exploded. The judge gathered between bursts of laughter that the tramps were officers detailed to stop milk stealing. Still Nicholas was obdurate. Everybody was doing it and there could be no wrong in it. “Pardon this pun." s*izl Judge Cotter at length, “but if this fine of $65 doesn't keep you and your wife away from tht cows you'll find yourself in the bull pen.’

OHIO TO CLEAN UP STOCK FAKES Tight Money Causes Action by State. COLUMBUS. Ohio, Aug. 18.—D rector of Commerce W H. Phips is about to launch a crusade to rid the State of fake investment schemes and similar frauds. The campaign is to be made upon orders of Governor Davis as one of the first activities of tbe newly created department. New and rigid regulations governing the sale of securities in Ohio are being worked out arid will he announced sbortly. The "tilne sky" regulations have been crltized as having given only very limited protection to investors in the pari. Tbe housecleaning is expoeted to start next week when the Chatfield-Karls BUI, giving the Securities Bureau added powers and providing new penalties, will become law. Because of the poor yield of wheat In this section of the State. farmers in many instances have been unable to pay off their obligations to the country banks, which in turn have had to ask their Columbus correspondents to renew the notes they have been holding. According to local bankers. this sttua tion has resulted in a considerable tightening of the local money market. Dulllness in the c/>sl industry is also causing a big drain in the Columbus, banks for funds. Shippers of lake eoai have tied up lots of money in wages and freights to the upper lake docks. The slow movement of the coal from the docks to the interior of Minnesota and Canada has not brought the expected return in cash and lake shippers have been asking for additional funds to carry them.—Copy right. 1921, by Public Ledger Company.

War Babies Deserted BERLIN. Aug. l*v If is estimated that more than 2TO,ntW war babies have been deserted and abandoned to jrorernmeiit support during- the last three years. Drought in England LONDON. Aug. 19. A water famine is threatened in many sections because of the long drought, and laws will be asked to compel conservation. WOMAN A) AKKIOK SLAIN. VIENNA. Aug 18.—Dispatches from Lemberg rpporf that Ktnaru Kchasokolowska. lender of the Ukraine insurgent peasants fighting thp Bolshevists, has been assassinated. She was shot by two of her soldiers who had been bribed by the Bolshevists.

On Commission Row

TODAY’S PRICES. Apples—New. in 40 lb bassets. 52.50@4. Bananas—Extra fancy high grade fruit, 60®60" per bunch: per lb. 7c Beans —Michigan Navy, per bag. $5; less than bug, 5c per 11): Colorado i'intos, per bag, 7%c per lb: less than bag. 8c per lb; California I.lmas, per bag. 7%c per lb; less than bag. Sc per lb; Red Kidneys, per bag, 10c per lb: less than bag. 11c per lb: Yellow Eyes, pier lb. lie; lentils, per 11*. 10c: California pink chile, per bag, 7%c per lb; less than bag, Se per lb. Beets—Fancy home-grown, per bu, $2. Cabbage—Fancy Northern, per 135-lb crate, $0.50: fancy Northern, less than crate, 0c pel lb Cantaloupes—Fancy Arkansas and Indiana Standard, per crate, $2.50: fancy Arkansas and Indiana flats. $1: California Honey Dews, 6 9c; per crate. S3: fancy California Casabas. 6 9s, per crate, $3: fancy home-grown Tip Tops, bbl, $4 50 Carrots—Fancy home grown, per doz, 30c. Celery—Fancy Michigan Hi Bail, per crate. $1.75. Corn—Fancy home grown, per doz, 20c. Cucumbers —Fancy home grown, per doz, $1 Eggplant—Fancy home grown, per doz, $2 25. Kale —Fancy home-grown, per bbi, $2 Lemons —Fancy Caiifornias 300s, per box, $8: 3605, per box. $8.50 Lettuce —Fancy leaf, per !b, 18c; fancy California Iceberg, ert.. $5.50. Mangoes—Fancy, per bu, $2.25. Onions—Fancy Western yellow, per 100lb bag, $3.50; fancy pickling, per lb, 10c. Oranges—Fancy California, per box, $5 %7.50. Beaches —Fancy California Elbertas, per 18-lb box. $1.75. Beppers —Small red, per lb, 20c. Pieplant—Fancy home-grown, per doz, 350. Potatoes— Fancy Virginia Cobblers, per bbl, $6; Idaho Whites, per 110-lb bag, $375. Radishes —Long Red. per doz, 30c ; Button, home grown, per doz. 30c. Spinach—Fancy home-grown, per bu, $2. Sweet Potatoes —Fancy new Southerns, per hamper. $2.25; fancy New Eastern Yellow, bbl, $750. Tomatoes—Fancy home grown, per bu, $2 Watermelons —Fancy Florida#, 28-lb average. 60c

'22 LIBERTY BONDS NEW ™ SELL 415 LEMCKE BLDQ. TODD

RALLIES OF THE HEAVY SELLERS OFFSET LOSSES N. Y r . Market Experiences Relief From Sagging Tendency ot decent Days. PETROLEUM, IRON GAIN Special to Indiana Dally Times and Philadelphia Public Ledger. By MONITOR. NEW YORK, Allg. 18.—Somewhat mors steadiness developed in the stock market late in yesterday's session and the sagging tendency was interrupted by a moderate recovery in which some of tbe issues that have been sold heavily recently made rallies which cancelled all or part of the losses made in the last two days. About the only news of a general nature and encouraging import was contained in the announcement that the Senate committee had reported the railway refunding bill and that all efforts would be made to force its passage before the Congressional recess. Among tbe specific items of a more hopeful tenor were Mexican Petroleum's good earnings statement showing sl7 per share for the six months and the lmprovemeni in the demand for pig iron us confirmed in the weekly review of thd s Iron Age. There also is a growing conviction that the technical position of the market is much stronger than current gossip wonld lead the oulooker to believe. Market cynics have maintained all along that the trading position was well nigh hopeless. due to the fact no one was short. It seems likely that fairly large numbers of operators have taken advantage of this information to sell stocks which they had not bought beforehand. Quite apart from this view of the case, the market evidently has been lacking sadly in buying power, although (his feature may be materially offset by the fact the street is almost bare of stocks.

WALL STREET GOSSIT. A determined effort was made to break United Fruit into new low ground, but the same support which has been In evidence whenever the price declined under par took all offerings at the lower price*. In the afternoon covering by shoris forced a substantia] rally. Professionals believe this is one of the stocks that has not fully dioounted the deflationary period and that sooner or later a lower price will be seen. Speculative groups controlling this movement apparently are not ready for the decline to oivur, and to add to the uncomfortable position of the shorts, a premium is charged. The statement of operations of the’ Mexican Petroleum Company for the six months period ended June 30, shows earninps of approximately sl7 per share. This more than equals the total annual dividend and the Street was inclined to believe it foreshadows the declaration of. the regular disbursement when the directors meet later in the month. Pan American Petroleum made anew low record for all time, as did Us companion stock. Pan American B. While these stocks were under pressure, Mexican Petroleum made anew low for the movement under 81), but recovered about five points In the afternoon. The Pan American stocks were less resilient. Announcement of reductions in prices by the Hudson, Essex and King Motor Car Companies resulted In heavy selling of Studebaker, Chandler and General Motors. The latter two made new low records and showed little evidence of inside support. There has beeu scale >uying for interests identified with Chandler. but nothing to indicate a determination definitely to halt the decline at a given point. International Harvester was one of the stocks which made anew low in the eariy dealings, but rallied more than two points in the afternoon. There *s no indication of strong accumulations, the scale support which was in evidence yesterday being only of temporary nature and i considerable quantity of this stock was resold on the upturn today. There were no new developments to account for the decline or subsequent advance.

General sentiment was helped by a report that the Federal Reserve Bank would announce a further reduction in the rediscount rate of 5 per cent. The report \x is started bv a meeting of the board of the local bank, but no authoritative statement was issued to confirm it. Due to the death of Colonel Colt, a meeting of the executive committee of tha I S Rubber Company will be held within the next two weeks at which it U probable the operating statement for tha six months of this year will be made public. The selling of l". S. Rubber has been for the account of hard-pressed holders according to Wall street reprasentatives and is in no wise related to the conditions xvithin the company itselL, General Electric was sold by traders on the announcement that 800 to J ,000 men have been laid off at the Schenectady works because of cancellation of Government contracts on naval works A sufficient quantity of stock was wanted by shorts to maintain the price at the approximately low figure of Tuesday and covering by the later sellers in the afters noon brought a substantial advance. After the close of the market, a state-. nent xvas issued by the directors of tbe New York Brake Company, aunounolng the declaration of a 1% per cent dividend payable In 6 per cent script which matures on or before Sept 1. 1922. In February a payment of 2% per cent was authorized, but when the directors met in May it was said the February payment covered the half year, thereby placing tha stock on a 5 per cent basis. The action Wednesday is somewhat of a puzzle to the Street"—Copyright, 1921, by the Public Ledger Cos.

RUSSIAN CAR ORDER PLACED Canadian Company’s Contract Increased to 1,000. OTTAWA. Ontario, Aug. 13.—1 L 0 understood the order secured Canada Cur and Foundry Company a. A (he Russia soviet government for 509 steel tank cars has been increased tol 1,000. The total value of the order ia put at $3,000,000. Despite depressed conditions in the shipping world, the Canadian government's mercantile marine continues to branch out and. in a comparative sense, seems to lie doing fairly well. On Kept. 1 it xvlll begin a regular refrigeration service betwi-en Y'aneouver and Australian and New Zealand ports. American interests, which are well represented in the Spanish River Pulp and Paper Company, will he pleased with th* annual report, which shows an increase of 23.5 per cent in net earnings over those for the preceding year. The liquid assets also stand well, being $7,450,000, as compared with $6 611,000 for the same period. The newsprint capacity of the mills is now 650 tons per day.— Copyright, 1921, by Public Ledger Cos. Finds Prehistoric Fish in River Bed CONCORDIA. Kan.. Aug. 18.—The Solomon River, near Stockton, continues to bring forth many queer things. Henry Reich, who lixes near Stockton, found a fin of a prehistoric fish while searching the niver bed. The member has petrified and weighs about 100 pounds. Reich xvill send the remnant to tha State University at Lawrence for classification.